AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Crosses Above 50 Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.21 and traded as high as $10.22. AllianceBernstein Global High Income Fund shares last traded at $10.1250, with a volume of 646,494 shares.

AllianceBernstein Global High Income Fund Trading Down 0.4%

The business has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $10.38.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Thursday, July 2nd.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new position in AllianceBernstein Global High Income Fund in the first quarter worth about $25,000. CWM LLC boosted its holdings in shares of AllianceBernstein Global High Income Fund by 64.3% in the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 1,733 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter worth approximately $47,000. Strategic Advocates LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $59,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $113,000.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.